AMP Capital Investors Ltd boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,402 shares of the computer hardware maker’s stock after acquiring an additional 8,986 shares during the quarter. AMP Capital Investors Ltd owned about 0.05% of NVIDIA worth $56,206,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Welch Investments LLC bought a new position in shares of NVIDIA during the third quarter valued at approximately $104,000. Evercore Wealth Management LLC grew its stake in shares of NVIDIA by 36.9% during the second quarter. Evercore Wealth Management LLC now owns 765 shares of the computer hardware maker’s stock valued at $110,000 after buying an additional 206 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of NVIDIA by 0.7% during the second quarter. Thompson Davis & CO. Inc. now owns 822 shares of the computer hardware maker’s stock valued at $119,000 after buying an additional 6 shares during the last quarter. Hanson McClain Inc. grew its stake in shares of NVIDIA by 12.7% during the second quarter. Hanson McClain Inc. now owns 881 shares of the computer hardware maker’s stock valued at $127,000 after buying an additional 99 shares during the last quarter. Finally, Edge Advisors LLC grew its stake in shares of NVIDIA by 98.8% during the third quarter. Edge Advisors LLC now owns 835 shares of the computer hardware maker’s stock valued at $149,000 after buying an additional 415 shares during the last quarter. 63.51% of the stock is currently owned by institutional investors.
Shares of NVIDIA Corporation (NASDAQ NVDA) opened at $187.74 on Wednesday. NVIDIA Corporation has a twelve month low of $87.54 and a twelve month high of $218.67. The company has a current ratio of 8.26, a quick ratio of 7.42 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $119,794.08, a price-to-earnings ratio of 48.69, a PEG ratio of 4.28 and a beta of 1.18.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.32%. This is an increase from NVIDIA’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 22nd. NVIDIA’s dividend payout ratio is presently 14.89%.
In related news, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $214.39, for a total value of $654,318.28. Following the transaction, the director now directly owns 28,816 shares of the company’s stock, valued at approximately $6,177,862.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director A Brooke Seawell sold 1,029 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $214.10, for a total value of $220,308.90. Following the completion of the transaction, the director now directly owns 1,029 shares in the company, valued at $220,308.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 315,175 shares of company stock worth $59,428,079. 5.17% of the stock is owned by insiders.
A number of research firms have recently commented on NVDA. Vetr raised NVIDIA from a “hold” rating to a “buy” rating and set a $176.95 target price on the stock in a research note on Wednesday, September 6th. Needham & Company LLC reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday, August 11th. Citigroup reaffirmed a “buy” rating and set a $210.00 target price (up previously from $185.00) on shares of NVIDIA in a research note on Friday, September 29th. Bank of America set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $180.00 target price on shares of NVIDIA in a research note on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $187.38.
Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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